Capital International Ltd. CA Sells 61,641 Shares of Trip.com Group Limited (NASDAQ:TCOM)

Capital International Ltd. CA cut its holdings in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 416,421 shares of the company's stock after selling 61,641 shares during the period. Trip.com Group comprises approximately 1.2% of Capital International Ltd. CA's portfolio, making the stock its 22nd biggest holding. Capital International Ltd. CA owned about 0.06% of Trip.com Group worth $28,591,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stifel Financial Corp boosted its position in Trip.com Group by 18.4% in the third quarter. Stifel Financial Corp now owns 17,200 shares of the company's stock worth $1,022,000 after purchasing an additional 2,678 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Trip.com Group by 12.3% during the 3rd quarter. MML Investors Services LLC now owns 14,126 shares of the company's stock worth $839,000 after purchasing an additional 1,546 shares during the period. M&T Bank Corp purchased a new position in shares of Trip.com Group in the 3rd quarter worth about $224,000. Geode Capital Management LLC grew its position in Trip.com Group by 20.5% during the third quarter. Geode Capital Management LLC now owns 317,894 shares of the company's stock valued at $18,892,000 after buying an additional 54,072 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in Trip.com Group during the third quarter worth about $385,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM traded up $1.68 during mid-day trading on Wednesday, hitting $58.55. The company had a trading volume of 3,272,633 shares, compared to its average volume of 4,069,811. The stock's 50-day moving average price is $60.77 and its 200-day moving average price is $64.68. The company has a market capitalization of $37.71 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 0.67 and a beta of 0.12. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18.

Trip.com Group Announces Dividend

The business also recently declared a -- dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio is presently 8.02%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TCOM. JPMorgan Chase & Co. dropped their target price on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. StockNews.com raised Trip.com Group from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Finally, Citigroup boosted their target price on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.